Financial Crisis: Visual Explanation
Marketplace Senior Editor Paddy Hirsch gives a bubbly explanation of the intricacies of collateralized debt obligations those financial instruments that got us into this financial mess.
Looks quite a bit like a pyramid scheme to me...
(See Wikipedia for definitions of: Ponzi Scheme and Pyramid Scheme)
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collateralized
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Money & Politics
Added: 1670 days ago by
dick
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